Westerly Community · Connecticut · 2025

Westerly Community in Connecticut: approval rate, denial rate and rates (2025)

Westerly Community took 85 mortgage applications in Connecticut in 2025, ranking #182 of 687 lenders active in the state. It originated 58.8% of them and denied 10.6% (15.3% of the applications it decided), against a statewide denial rate of 17.4%.

85Applicationsin CT
15.3%Decision denial ratestate 21.6%
6.99%Median ratestate 6.63%
$125,000Median loanstate $245,000
$9.5MVolume7 counties

Westerly Community in Connecticut vs the state

10.6%Denial rate-6.81 pts vs state
15.3%Decision denial rate-6.34 pts vs state
58.8%Origination rate-1.56 pts vs state
6.99%Median rate+0.37 pts vs state
-0.03Rate spread (pts)-0.27 pts vs state
$110kMedian applicant income
50Loans originated
9Denied

Trend in Connecticut

YearApplicationsOriginatedDenial rateMedian rateRank in state
202354325.6%6.91%#190
2024885213.6%7.25%#169
2025855010.6%6.99%#182

What Westerly Community lends in Connecticut

By loan purpose

Home purchase 37 44% · 8.1% denied
Refinance 5 6% · 20.0% denied
Cash-out refinance 1 1% · 100.0% denied
Home improvement 26 31% · 11.5% denied
Other / HELOC 16 19% · 6.3% denied

By loan type

Conventional 85 100% · 10.6% denied

Why it denied Connecticut applicants

Other 4 44%
Credit history 2 22%
Debt-to-income ratio 2 22%
Collateral 1 11%

Where in Connecticut

Counties with the most Westerly Community applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
09180 63446 9.5%
09150 741 14.3%
09110 510 0.0%
09130 310 0.0%
09140 200 0.0%
09170 201 50.0%
09190 101 100.0%

Other large lenders in Connecticut

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 6,04316.5%6.75%
Citizens BankC 4,89526.2%7.40%
Bank of AmericaF 4,59132.1%6.00%
United Shore Financial ServicesB 4,23913.7%6.50%
Total Mortgage ServicesB 4,2194.5%6.63%
Manufacturers and Traders TrustC 4,03031.8%5.99%
Liberty BankA 3,5139.5%5.99%
Webster BankC 2,76221.9%6.74%
NewrezD 2,55621.8%6.88%
AMERICAN EAGLE FINANCIAL Credit UnionD 2,46318.9%7.75%

Frequently asked questions

Connecticut: 85 applications in 2025, of which 50 were originated and 9 denied.

10.6% of all applications, or 15.3% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.

The median rate on loans Westerly Community originated in Connecticut in 2025 was 6.99%, against a statewide median of 6.63%.

About this data. Figures are Westerly Community's own HMDA filing for properties located in Connecticut, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology